NEW ORLEANS, Nov. 15, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time December 19, 2022 Lead Plaintiff’s Motions in a Securities Class Action Against Argo Group International Holdings, Ltd. (NYSE: ARGO) if you purchased the Company’s stock between February 13, 2018 and August 9, 2022 inclusive (the “Collection Period”). This lawsuit is pending in the United States District Court for the Southern District of New York.

What you can do

If you have purchased Argo stock and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner Lewis Kahn toll-free, without obligation and at no cost to you, at 1-877-515-1850 or email ([email protected]) or visit us https://www.ksfcounsel.com/cases/nyse-argo/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must petition the court December 19, 2022.

About the lawsuit

Argo and certain of its officers are accused of failing to disclose material information during the Class Period in violation of federal securities laws.

On August 8, 2022, the Company announced that it had entered into a loss portfolio transfer agreement with a wholly owned subsidiary of Enstar Group Limited covering a majority of the Company’s US liability insurance provisions and that it expected to recognize an after-tax charge of approximately $100 million US dollars related to the transaction in the third quarter of 2022.

As a result of this news, shares of Argo stock fell approximately 28%, from a closing price of $32.22 per share on August 8, 2022 to a closing price of $23.10 per share on August 10, 2022.

The case is The Police & Fire Retirement System City of Detroit v Argo Group International Holdings, Inc. Thomas A. Bradley, Scott Kirk, Kevin J. Rehnberg, Mark E….